The Bank of New York Mellon Corporation (BK) has demonstrated strong financial performance, surpassing Q3 earnings and revenue estimates. The bank's stock is at an all-time high following a favourable evaluation from Truist Financial. BNY Mellon's bold move into digital assets has solidified its reputation as a promising dividend stock. It recently declared a quarterly dividend of $0.53. Despite concerns about alleged financial ties to Jeffrey Epstein, most analysts, including Wells Fargo, Barclays, and Keefe, Bruyette & Woods, have raised their price targets for the bank's stock. This follows a 48.6% surge in the bank's earnings growth, while some asset management firms have reduced their holdings in the bank. The bank continues to break new ground with its recent collaboration with National Bank of Canada in launching EquiLend's 1Source, further expanding its Distributed Ledger Technology (DLT) finance network.
Bank of New York Mellon Corporation BK News Analytics from Tue, 08 Jul 2025 07:00:00 GMT to Sat, 18 Oct 2025 14:14:45 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -4
